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Digital Euro Has Germans Fretting Their Money Won’t Be Secure Digital Euro Has Germans Fretting Their Money Won’t Be Secure

Digital Euro Has Germans Fretting Their Money Won’t Be Secure

In a picturesque wine town about 100 kilometers (62 miles) from Frankfurt lies a hidden bunker that for decades was one of Germany’s best-kept secrets. Built in 1962, the cavernous structure housed alternative deutsche marks, should West Germany’s Cold War foes flood the market with counterfeit banknotes in a bid to trigger hyperinflation.

In the end, the back-up currency wasn’t needed and was destroyed in 1988. Concern among Germans over the security of their money persists, however. Just over a year before a decision on whether to roll out a digital version of the euro, about half of people in Europe’s biggest economy even can’t imagine using it.

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Marilen Martin

https://www.bloomberg.com/news/articles/2024-08-17/digital-euro-has-germans-fretting-their-money-won-t-be-secure?srnd\u003dall

2024-08-17 05:00:00

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